Hottest Crypto news week January 8-14: Bitcoin witnesses historic moment; Binance delists 9 spot
Historic moment: Bitcoin ETF Spot is officially traded
As planned, at 9:30 p.m. on January 11 (Vietnam time), the Bitcoin ETF Spot fund of large companies such as BlackRock, Fidelity, VanEck... was officially listed and traded on stock exchanges.
Just 5 minutes after listing, the trading volume of Bitcoin ETF Spot reached 1 billion USD, thereby proving the attraction of this asset type to investors.
Many Wall Street giants block users from trading Bitcoin ETF Spot
Many US investors using Vanguard accounts encountered difficulties when trying to participate in Bitcoin ETF spot trading on the first day after the product was listed on the stock exchange.
Specifically, investors who want to buy Bitcoin ETF spot on Vanguard's platform have received the following notice:
“This security product cannot currently be purchased through Vanguard due to a number of reasons such as legal barriers, corporate decisions and/or payment limits.”
Not only Vanguard, platforms of other Wall Street giants such as Citi, Merrill Lynch, Edward Jones... also block users from trading Bitcoin ETF Spot.
Grayscale transferred nearly $200 million in BTC to the exchange, Bitcoin price reacted negatively
Specifically, according to on-chain data, Grayscale made a transfer of 4,000 BTC to Coinbase, with each transaction costing 1,000 BTC, according to data from Arkham.
Immediately after this information, Bitcoin price reacted negatively, falling from $45,900 to $41,700. Currently, Bitcoin has partially recovered and is trading at $42,900.
Binance announced the delisting of 9 spot trading pairs
Specifically, the trading pairs that will be delisted include:
10:00 January 12, 2024 (VN time): CITY/BTC, COS/BNB, COTI/BNB, FLOKI/TUSD, FUN/BNB, HIFI/ETH, LTC/UAH, MULTI/BTC, PSG/BTC
Note:
Users can still trade assets on other trading pairs available on Binance.
Binance will also terminate the Trading Bots service for the above trading pairs at the same time of delisting, if any. Users are advised to update and/or cancel their Trading Bots before this service is terminated to avoid potential loss.
Binance also announced that users should convert BUSD to other stablecoins before February 2024.
Apple removed Binance, OKX and many other Crypto exchanges from the Indian App Store
Apple just made the decision to remove Binance, KuCoin, and many other offline cryptocurrency exchanges from its app store in India. This action comes a few days after the Indian government issued a warning to these exchanges.
Bitcoin price "wobbles" just because of a fake tweet
On the morning of January 10, the official Twitter account of the US Securities and Exchange Commission (SEC) posted a notice stating that all 12 Bitcoin ETF Spot proposals had received approval.
This post is accompanied by an image of SEC Chairman Gary Gensler, claiming that the launch of the Bitcoin ETF Spot will facilitate investors to gain exposure to digital assets under the agency's supervision. this official.
Twitter X confirms SEC account was hacked
Based on the investigation, X determined that the compromise did not result from any breach of X's system but rather from an unknown individual gaining control of the associated phone number. with the @SECGov account through a third party. This led to SEC accounts being hacked and fake information being posted
Fox Media Group partners with Polygon to launch its own blockchain platform
Fox Corporation, a media conglomerate that manages brands such as Fox News, Fox Sports and Tubi Media Group, has just introduced a new blockchain platform called Verify, according to information from Axios.
Verify will negotiate content licensing agreements with artificial intelligence companies regarding the use of Fox Corporation's intellectual property. At the same time, they will track this content by digitizing the media in the database.
A mysterious organization of the Crypto world is trying to influence the 2024 US election
Specifically, according to a CNBC report, the Cedar Innovation Fund, an organization established in Delaware in April, has launched ads against at least one powerful legislator running for re-election, and quietly hired a strategic group to discuss plans to influence American politics.
This is part of a larger effort from the cryptocurrency industry to influence Congress ahead of the 2024 election. The move comes amid multiple cryptocurrency-related bills being discussed. considered by the US Congress.
